Windows Phone put a significant drag on Microsoft's fourth-quarter earnings, released Tuesday. Revenue for the troubled platform decreased by $552 million, or 68 percent. Both Lumia and non-Lumia phone revenue declined, which Microsoft attributes to lower volumes and lower-priced devices.
average payment period. Definition. APP. The number of days a company takes to pay off credit purchases. It is calculated as accounts payable / (total annual purchases / 360). Use this term in a sentence. â You should always know how long your average payment period will be so that you can be prepared when the time comes.
Your credit card terms require you to pay at least the minimum payment by the due date each month. This payment is the lowest amount you can pay on your credit card to avoid penalties.The minimum payment must be paid by the payment due date.If you miss your monthly minimum payment or you pay less than the minimum, your credit card issuer can charge you a late fee.he minimum payment must be paid by the payment due date. If you miss your monthly minimum payment or you pay less than the minimum, your credit card issuer can charge you a late fee.